‘Oil prices can not go above $40 now’

…We suggest that people contain any oil purchases between $35 and $40


So, if people are still willing to look out three to five years versus three to five days, I think oil is a better risk-reward at this point than the U.S. equity market.

TER: Are you talking about buying oil as a commodity or purchasing oil equities?

PG: Both. Without having to trade actual futures